Hi , let us help you make the most out of 80C benefits
What investments are under Section 80C?
Investments in the following can be claimed under section 80C :
How do you wish to invest?
One-time investment of ₹
Monthly SIP of ₹ for months
i. Surcharge on income above 50 lakhs is not considered for above computation.
ii. Individuals having total income not exceeding Rs. 500,000 can avail rebate of lower of actual tax liability or Rs. 12,500.
iii. In case of a resident individual of the age of 60 years or above but below 80 years, the basic exemption limit is Rs.300,000.
iv. In case of a resident individual of age of 80 years or above, the basic exemption limit is Rs 500,000.
v. Health and Education cess @ 4% on aggregate of base tax and surcharge
vi. The above computation is basis the old Personal tax regime.
vii. Income tax benefits to the mutual fund and unit holders will be based on prevailing tax laws
viii. The information mentioned above is for general information and understanding purposes only and should not be construed as legal/tax /investment advice in any manner. Investors should consult their own tax consultant / financial advisor to understand specific tax implications arising out of their investment in Equity Linked Savings Schemes (ELSS). ELSS or tax saving mutual fund schemes help investors ( Individuals / HUF) save tax under Section 80C of the Income Tax Act, 1961. Investments in ELSS are subject to a lock-in period of 3 years and qualify for a tax deduction of upto Rs 1.5 lakh.
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With dual advantage of Tax-saving & potential for better returns than traditional Tax-saving Investment Products, this category of Mutual Fund Schemes is must have for every investor.
Tax saving with growth
Highest long-term returns
Lowest lock-in period
SBI Long Term Equity Fund (ELSS)
ELSS
Very High Risk
Returns Since Inception Returns As on 20 Nov 2024
16.28% Regular-Growth
Monthly SIP Amount
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One Time Investment
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We will email the details of this tax saving plan to the email registered below
Full Name
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